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(Bloomberg) — Bitcoin’s losses accelerated, with prices tumbling below $50,000, as investors started to bail on the market’s frothiest assets. The cryptocurrency tanked as much 18% on Tuesday and traded around $48,750 as of 10:41 a.m. in New York. While the selloff only puts Bitcoin prices at the lowest in about two weeks, investors are starting to wonder whether it marks the start of a bigger retreat from crypto or simply represents volatility in an unpredictable market. “Today’s… Source link

Apple (AAPL) has spent the past 30 years hitting a lot of home runs. It launched everything from the iMac to the iPod to the iPhone, to the iPad, Apple Watch, and AirPods. What’s more, it’s pushed deeper into recurring revenue businesses with its AppleCare, Apple Music, and Apple TV+. But according to Wedbush analyst Dan Ives, the tech titan has made one major misstep: not buying Netflix (NFLX). Ives, who has an outperform rating on Apple’s stock, said that doing so would have put the… Source link

Home price growth in the U.S. accelerated in the final month of 2020 — the fastest pace in eight years. The results top off what was a record year for the housing market despite the COVID-19 pandemic. Standard & Poor’s said Tuesday that its S&P CoreLogic Case-Shiller national home price index posted a 10.4% annual gain in December, up from 9.5% in November — the fastest growth rate since 2013. The 20-City Composite posted a 10.1% annual gain, up from 9.2% the previous month — beating… Source link

(Bloomberg) — U.S. equity futures slid with European stocks on Tuesday as the jump in bond yields and commodity prices continued to hammer technology shares. Nasdaq futures slumped 1.7% a day after the tech-heavy gauge posted its longest losing streak in four months. Tesla Inc. dropped 5% in pre-market trading as investors continued to punish stocks that have led the rally from the depths of the pandemic a year ago. In Europe, tech shares dragged the Stoxx 600 Index lower. Budding inflation… Source link

TipRanks 3 “Strong Buy” Stocks From the Best Analysts on Wall Street Almost two months into 2021, the market appears undecided about where it is heading next. In fact, many investors fear the market is due for a serious correction, especially for the wide selection of richly valued stocks. It is an environment that requires fussier stock picking. Or maybe it’s prudent to turn in such times to the best at spotting where the next opportunity lies. And for best, we mean the cream of the… Source link

Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, February 23, 2021 Airline, cruise stocks surge to start the week. Investors can’t keep up with economic optimism right now. On Monday, the re-opening trade was on fire with shares of airlines, cruise lines, and banks all rallying. And this while Wall Street strategists continued raising full-year GDP forecasts as others reiterated calls that consensus estimates are still too… Source link

Microsoft Corp. (NASDAQ: MSFT) co-founder Bill Gates is not bullish on Bitcoin (BTC) and is cautioning others to reconsider such investments — unless they have more money than Tesla Inc. (NASDAQ: TSLA) CEO Elon Musk. What Happened: Gates told Bloomberg on Monday that he isn’t worried about Musk’s Bitcoin randomly going up or down. “Elon has tons of money and he is very sophisticated,” the tech entrepreneur said, adding that he is more concerned about people getting into such manias… Source link

Opportunities for rested teams to face an opponent on the second leg of a back-to-back have been infrequent this season, but Tuesday the Devils are hosting the Sabres, who are visiting New Jersey after playing the Islanders on Monday. If there is one way to describe the Devils this season, it would be “rested.” There are plenty of rested teams in Tuesday’s six games. Here are my recommendations for your DFS lineup! GOALIE Pekka Rinne, NAS at DET ($29): Both the Predators and the Red Wings are… Source link

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is no longer the world’s richest person, according to Bloomberg Billionaires Index. What Happened: Musk was replaced by Amazon.com, Inc (NASDAQ: AMZN) CEO Jeff Bezos as the richest person on the list after Tesla shares fell 8.6% on Monday eroding $15.2 billion from his net wealth, according to Bloomberg. A tweet by Musk over the weekend which touched on the high valuation of Bitcoin (BTC) and Ethereum (ETH) furthered the entrepreneur’s decline in… Source link

Bloomberg Wall Street Is Inflation-Proofing Its Debt-Market Portfolios (Bloomberg) — From money managers at BlackRock and T. Rowe Price, to analysts at Goldman Sachs, to the credit shops run by Blackstone and KKR, a new economic reality is prompting Wall Street’s most powerful forces to adjust their investment strategies.The rise in inflation set to accompany the post-pandemic economic boom is threatening to reverse the four-decade decline in U.S. interest rates, sparking a rush to protect… Source link